FTI Consulting (NYSE:FCN) Issues Earnings Results

FTI Consulting (NYSE:FCN) announced its earnings results on Thursday. The business services provider reported $1.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.28, MarketWatch Earnings reports. The company had revenue of $607.85 million for the quarter, compared to analysts’ expectations of $564.02 million. FTI Consulting had a return on equity of 13.63% and a net margin of 8.07%. FTI Consulting’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.73 earnings per share. FTI Consulting updated its FY 2020
Pre-Market guidance to 5.50-6.00 EPS and its FY20 guidance to $5.50-6.00 EPS.

Shares of NYSE:FCN traded down $2.16 during midday trading on Friday, reaching $119.44. 516,882 shares of the company traded hands, compared to its average volume of 384,866. The company has a quick ratio of 2.36, a current ratio of 2.18 and a debt-to-equity ratio of 0.32. FTI Consulting has a 12 month low of $100.09 and a 12 month high of $144.10. The firm has a market capitalization of $4.43 billion, a price-to-earnings ratio of 23.37 and a beta of 0.24. The firm’s fifty day moving average price is $110.93 and its two-hundred day moving average price is $118.78.

Several research analysts recently issued reports on FCN shares. William Blair raised FTI Consulting from a “market perform” rating to an “outperform” rating in a research report on Monday, April 6th. Sidoti raised FTI Consulting from a “neutral” rating to a “buy” rating and lifted their target price for the company from $152.00 to $171.00 in a research report on Friday, May 1st. Finally, Zacks Investment Research cut FTI Consulting from a “hold” rating to a “sell” rating and set a $122.00 target price on the stock. in a research report on Monday, June 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $149.33.

In related news, Director Vernon James Ellis sold 3,000 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $120.00, for a total transaction of $360,000.00. Following the completion of the sale, the director now directly owns 8,267 shares in the company, valued at approximately $992,040. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.19% of the stock is currently owned by corporate insiders.

About FTI Consulting

FTI Consulting, Inc provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company's Corporate Finance & Restructuring segment provides turnaround and restructuring, business transformation, interim management, valuation and financial advisory, transaction, dispute advisory, and tax services, as well as mergers and acquisitions (M&A), and M&A integration services.

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Earnings History for FTI Consulting (NYSE:FCN)

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